Multiple Choice Question 147 Crosby Department Store estimates inventory by using the retail inventory method. The following information was developed: At Cost At Retail Beginning inventory $465,000 $ 750,000 Goods purchased 900,000 1,350,000 Net sales 1,500,000 The estimated cost of the ending inventory is $210,000. O $372,000. $390,000. O $400,000. Click if you would like to Show Work for this question: Open Show Work As a result of a thorough physical inventory, Sheffield Company determined that it had inventory worth $321400 at December 31, 2020. This count did not take into consideration the following facts: Walker Consignment currently has goods worth $46100 on its sales floor that belong to Sheffield but are being sold on consignment by Walker. The selling price of these goods is $74600. Sheffield purchased $21500 of goods that were shipped December 27, FOB destination, that will be received by Sheffield on January 3. Determine the correct amount of inventory that Sheffield should report. O $389000. O $321400. O $367500. O $342900. Click if you would like to Show Work for this question: Open Show Work